Growth of life insurance in 2014

For rating agency Fitch, the growth of life insurance will continue in 2014. Life insurance companies are determined to preserve their margins while increasing the number of products sold.

The agency notes the strategic importance of the agents in the achievement of growth and profitability. In non-life insurance, Fitch forecasts are more reserved. The market will experience a dynamic growth but competition and rising claim costs will strain margins, especially for motor insurance.